{"id":1251,"date":"2022-03-03T09:57:00","date_gmt":"2022-03-03T09:57:00","guid":{"rendered":"http:\/\/localhost\/?p=1251"},"modified":"2023-01-22T15:17:40","modified_gmt":"2023-01-22T15:17:40","slug":"riverstone-international-completes-ritc-transaction-with-hamilton","status":"publish","type":"post","link":"https:\/\/www.rsml.co.uk\/2022\/03\/riverstone-international-completes-ritc-transaction-with-hamilton\/","title":{"rendered":"RiverStone International completes RITC transaction with Hamilton"},"content":{"rendered":"\n

03 March 2022<\/strong><\/p>\n\n\n\n

RiverStone International, the industry-leading acquirer and reinsurer of legacy and discontinued insurance business, today announces the completion of a reinsurance-to-close (RITC) transaction of the legacy liabilities of the 2019 and prior years of account of Acappella Syndicate 2014, managed by Hamilton Managing Agency Limited, a wholly owned subsidiary of Hamilton Insurance Group, Ltd. (\u201cHamilton\u201d).<\/p>\n\n\n\n

This RITC with net technical provisions of over \u00a3200 million, received Lloyd\u2019s approval in early February, with the RITC being effective from 1 January 2022. RiverStone International will now work with Hamilton to transition the business operations over the coming months.<\/p>\n\n\n\n

Luke Tanzer, chief executive officer of RiverStone International, said: \u201cWe are\u202fvery pleased that\u202fHamilton has again selected RiverStone as their partner for this transaction. This is further testament to our excellent reputation in the market and our ability to deliver legacy solutions for clients.\u201d<\/p>\n\n\n\n

The transaction was facilitated by Aon\u2019s Reinsurance Solutions Capital Advisory team. <\/p>\n\n\n\n

Contacts:
<\/strong>Haggie Partners
Damian Beeley \/ Cordelia Hawkings
Tel: +44 (0)207 562 4444
Damian.Beeley@haggie.co.uk<\/a> 
Cordelia.Hawkings@haggie.co.uk<\/a><\/p>\n\n\n\n

RiverStone International\u00a0\u00a0
Federica Aversa, Global Brand and Communications Manager\u00a0
Tel\u202f: +44 20 7398 4329\u00a0
federica.aversa@rsml.co.uk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

03 March 2022 RiverStone International, the industry-leading acquirer and reinsurer of legacy and discontinued insurance business, today announces the completion of a reinsurance-to-close (RITC) transaction of the legacy liabilities of the 2019 and prior years of account of Acappella Syndicate 2014, managed by Hamilton Managing Agency Limited, a wholly owned subsidiary of Hamilton Insurance Group, Ltd. 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